Why is September $2008-$ December $2008$ such an important time period for U$.$S$.$ Monetary Policy?

Multiple Choice

$$ Major banks like Citibank and Washington Mutual were ready to fall because they made too many sub$-$prime mortgage loans.

$$ All of the statements are true and correct.

$$ By this time the U$.$S$.$ was losing $600,000$ jobs per month and the U$.$S$.$ unemployment rate was going up at a rapid pace.

$$ Foreclosures on homes were Increasing at a rapid rate because people could not pay thelr sub$-$prime mortgages.

Why is September $2008-$ December $2008$ such an important time period for U$.$S$.$ Monetary Policy?

Multiple Choice

$$ Major banks like Citibank and Washington Mutual were ready to fall because they made too many sub$-$prime mortgage loans.

$$ All of the statements are true and correct.

$$ By this time the U$.$S$.$ was losing $600,000$ jobs per month and the U$.$S$.$ unemployment rate was going up at a rapid pace.

$$ Foreclosures on homes were Increasing at a rapid rate because people could not pay thelr sub$-$prime mortgages.